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GBP/USD: general analysis 19 April 2019, 10:54

GBP/USD: general analysis 19 April 2019, 10:54 Scenario Timeframe Intraday Recommendation SELL Entry Point 1.2997 Ta...

Apr 15, 2019

Bitcoin: technical analysis 15 April 2019, 13:59


Scenario
Timeframe Weekly
Recommendation BUY
Entry Point 5152.50
Take Profit 5312.50, 5468.75, 5625.00
Stop Loss 5030.00
Key Levels 4687.50, 4820.00, 5000.00, 5312.50, 5468.75, 5625.00
Alternative scenario
Recommendation SELL STOP
Entry Point 4970.00
Take Profit 4820.00, 4687.50
Stop Loss 5150.00
Key Levels 4687.50, 4820.00, 5000.00, 5312.50, 5468.75, 5625.00
Current trend
Last week, Bitcoin quotes did not have enough upward momentum, and then corrected to the middle of the Murrey trading range at 5000.00. Growth has now resumed and may continue to the levels of 5312.50 (Murrey [+1/8]), 5468.75 (Murrey [6/8] H4), and 5625.00 (Murrey [+2/8]). The level of 5000.00 is seen as the key for the "bears". If the price consolidates below it, this will give the prospect of a decline to 4820.00 (the midline of Bollinger Bands) and 4687.50 (Murrey [7/8]). Technical indicators generally speak about the preservation of an uptrend: Bollinger Bands and Stochastic are directed upwards. However, MACD histogram decreases in the positive zone, indicating a reduction in the potential of the upward movement.
Support and resistance
Support levels: 5000.00, 4820.00, 4687.50.
Resistance levels: 5312.50, 5468.75, 5625.00.

Trading tips
Long positions may be opened from the current level with targets at 5312.50, 5468.75, 5625.00 and stop loss 5030.00.
Short positions may be opened below 5000.00 with targets at 4820.00, 4687.50 and stop loss 5150.00.
Implementation period: 4-5 days.

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